A gorgeous circa 1866 building located at 142 Archie Street on the city’s East Side is heading in the right direction. The 11,000 square foot structure will be developed into a mix of residential and office by CSS Construction. The conversion will be completed at a cost of $1,200,000.
Archie Street is just six blocks from Michigan Avenue – a street that will one day be an integral connection point between the Medical Campus and the waterfront. This is a significant historic development project, in that it moves the boundary line where investors have been stuck for years. Seeing an investment of this nature, on an obscure East Side street, should help to awaken interest on other structures around this area. There is also huge potential for new builds around this property.
As the historic building stock continues to dry up on the West Side and Downtown, the East Side will be the next natural place to explore and invest, as we are starting to see. And that’s a good thing, considering that the East Side constitutes half of the city’s geography.
The purchase of this particular building is a no brainer. It’s stunning, and will one day be an anchor of the neighborhood.
Sponsor: CSS Construction
Project: $1,200,000
Architect: Carmina Wood Morris
Completion: Fall 2015
